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Treaty Energy Corporation TECO
Posted On: 05/22/2013 9:44:25 PM
Post# of 39368
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Posted By: coolnapz

Price in holding pattern but uptrend persists


We have an uptrend in price off of the lows, that much is cut and dry. Why? Price is trading above the 20 and 50 day moving averages with the 20 trading back above the 50 day. Over the past week the price is moving sideways. This basically means that the market is awaiting the results of our wells.


Had I not visited Mitchell, seen the operations, smelled the contents of the swab lines, seen the oil on the mud pits, talked to the geologist about the shows , etc., then maybe I would be skeptical.


But since I was on site with Bull and the bashers/short sellers weren't, I know I'm on the winning side. Those bashers know hardly anything about trading, know less about oil companies, and having never visited even one of the well sites know even less about the future of this company. They are complete idiots and I don't know what will be more gratifying, getting rich off this investment or knowing that those morons will get smashed shorting TECO after going long SIOR.



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